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Lutheran School of Theology at Chicago lease takeovers: the landlord signs the new student onto the lease and the original tenant walks away clean. If the original tenant is coming back (summer, study abroad), that’s a sublease instead.
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https://crashmates.com/illinois/chicago/lutheran-school-of-theology-atA lease takeover means you replace the original tenant entirely — the landlord signs you onto the lease and the original tenant walks away. Common when students are graduating mid-cycle, transferring schools, or moving abroad. Cleaner than subleases because there’s no middle-tenant, and usually 6-12 month terms.
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